12 AUGUST 2011wooeb
Report: European primary aluminium production to grow at a CAGR of 8% between 2011-2013
Edited by : AL CIRCLE
1 min read
Aluminium is experiencing an increasing success in diverse industrial sectors including automotive, building, and packaging. The increasing demand, both from professional and private consumers, demonstrates the utility of aluminium in everyday life and the increasing importance of the aluminium industry. In global context, Europe has emerged as one of the world's largest manufacturing base for the aluminium industry owing to large production capacities across the European countries. In 2010, Europe remained the second major producer of primary aluminium and its production increased around 7% in 2010 compared to the previous year.
Our research also found that the industry is presently recovering from the downturn on account of global recession that has taken a toll on two important aluminium consumers - automobile and construction industry. The current situation is expected to improve in the coming years with increasing demand for aluminium in the global environment. Moreover, the Europe primary aluminium production is expected to grow at a CAGR of around 8% during 2011-2013. A steep rebound in the industry is expected by the end of 2011 on the back of government stimulus packages, improving macroeconomic environment, and regaining of consumer confidence.
Our research also found that the industry is presently recovering from the downturn on account of global recession that has taken a toll on two important aluminium consumers - automobile and construction industry. The current situation is expected to improve in the coming years with increasing demand for aluminium in the global environment. Moreover, the Europe primary aluminium production is expected to grow at a CAGR of around 8% during 2011-2013. A steep rebound in the industry is expected by the end of 2011 on the back of government stimulus packages, improving macroeconomic environment, and regaining of consumer confidence.
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